Please, I urgently need this exercise. I have sent it to several tutors and they have not responded as they should.

In this case, "A_t" represents an exogeneuos variable related to technology at production functions as Cobb-Douglas.

Consider the basic neoclassical model. Suppose there is an increase in At. Draw 2 versions of the model, one in which labor supply is relatively elastic (sensitive to the real wage) and one with a relatively inelastic labor supply (relatively insensitive to the real wage). How do the magnitudes of changes in Yt, It, Wt (nominal wage) and N.(labor) depend on the sensitivity of labor supply to the real wage? Explain